Market Analysis – April 13 Gold Bulls have resiliently burned through all resistance levels above the demand zone of 1612.0. A new launchpad seems to be the final approach to strike 2068.0 Gold Key Levels Supply Levels: 1958.0, 2068.0, 2100Demand Levels: 1688.0, 1804.0, 1693.0 Gold Long-Term Trend: Bullish Ever since the Bullish reversal in November, […]
Market Analysis – April 6 Gold is currently delivering on the buy side of the market after a long-term decline in the price of Gold. The price is ascending to sweep the major high of 2069.0. Gold Key Levels Demand Levels:1959.0, 1805.0, 1613.0Supply Levels: 2069.0, 2160.0, 2200.0 Gold Long-Term trend: Bullish The nulls have drawn […]
Market Analysis – March 30 Gold (XAUUSD) is currently experiencing buy-side delivery in the market. Gold experienced sell-side delivery from March to October of the previous year. Gold’s value fell from a 2051.0 supply level to a 1677.0 demand level. Gold Key Levels: Demand Levels: 1811.0, 1967.0, 1627.0Supply Levels: 2051.0, 2120.0, 2160.0 XAUUSD Long-Term Trend: […]
Market Analysis – March 23 Gold experienced resistance from the bearish trendline from March to November of the previous year. The Buyers recovered just before the year ended. The rise in the value of Gold faced stiff resistance at the 1957.0 resistance level. The Bulls have broken the resistance and are set to soar. Gold […]
XAUUSD Analysis – March 16 XAUUSD is set to break the 1957.770 resistance level. The Gold market has been on a strong ascendency since the end of last year into this year. The price only took a hit when it met the 1957.770 significant level. This led to an immediate dip in price, which only […]
XAUUSD Analysis – March 9 XAUUSD respects its rising trendline on its way to higher price levels. The market is finally showing up after an underwhelming 2022 in which the price decreased drastically, dropping more than 20%. However, from the support level of $1621.480, by the end of 2022 into 2023, the buyer received the […]
XAUUSD Analysis – March 2 XAUUSD remains in an uptrend and may reach its highest price level in 2022. The market picked up bullish momentum towards the end of 2022, and this has continued into this year with the market driving past several key levels. Finally, on the first of February, an exhausted buying base […]
Market Analysis – February 23 The price of Gold rallied with an attempt to strike the 1999.0 supply level. The buyers got exhausted before reaching the supply level. The market made a U-turn above 1871.0 to retrace to the nearest bullish order block for support. The bullish order block has failed to hold, leading to […]
Market Analysis – February 16 The gold market is currently experiencing a pullback on the daily timeframe. The market is seeking strong support for the continuation of the uptrend. Gold Key Levels Support levels: 1786.0, 1738.0, 1727.0Resistance levels: 1871.0, 1999.0, 2067.0 Gold is currently experiencing buy-side delivery on the market. The previous year saw a […]
